Lahore, September 08, 2016 (PPI-OT):PACRA has assigned a long-term entity rating of ‘A-‘ (Single A Minus) and short-term rating of ‘A2’ (Single A Two) to Fazal Weaving Mills Limited (Fazal Weaving). These ratings denote a low expectation of credit risk emanating from a strong capacity for timely payment of financial commitments. The ratings of Fazal ...

Karachi, September 08, 2016 (PPI-OT):The Quarterly Performance Review (QPR) of the Banking Sector for the quarter ended 30th June, 2016, has been released by SBP. The report highlights that the asset base of the banking sector has registered an increase of 7.7 percent. The reviewed quarter is marked with significant rise in advances by 7.6 ...

Islamabad, September 08, 2016 (PPI-OT):The Securities and Exchange Commission of Pakistan, under its initiative of educating investors, organized a seminar for the students and employees of A.F. Ferguson and Company at Lahore. It was a daylong event, full of insights from experienced professionals. In his message, the SECP chairman said: “My vision is to make ...

Islamabad, September 08, 2016 (PPI-OT):A group of leading industrial exporters of the country met Prime Minister Muhammad Nawaz Sharif at Karachi earlier today. The exporters lauded the economic turnaround achieved under the leadership of the Prime Minister and said historic Foreign Exchange Reserves coupled with improved security situation in the country has reinforced confidence of ...

Karachi, September 08, 2016 (PPI-OT):Special Assistant to Chief Minister Sindh for Information Technology Dr. Sikandar Shoro said that easy access of youth to quality Education of Information Technology will brighten […]

Srinagar, September 08, 2016 (PPI-OT):In occupied Kashmir, the Mirwaiz Umar Farooq-led Hurriyet forum has termed as rubbish and lies the reports by some New Delhi-based news channels that travel expenses […]

Karachi, Modaraba Al-Mali informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on September 07, 2016. The agenda of the meeting was discussion of profit and loss account for the year ended June 30, 2016 which portrayed a profit of Rs. 4,680,662 with earnings per share 0.26 basic and diluted respectively. Further, 2% i.e. 20 per share payment of cash dividend, bonus shares and right shares was agreed. Furthermore, the share transfer books of the company will remain closed from October 10, 2016 to October 25, 2016 (both days inclusive). Modaraba Al-Mali is a multipurpose and perpetual Modaraba floated in Pakistan on July 8, 1987 under the Modaraba Companies and Modaraba (Floatation and Control) Ordinance, 1980, and Modaraba Companies and Modaraba Rules, 1981 and is managed by BankIslami Modaraba Investments Limited, a company registered under the Companies Ordinance, 1984. It is engaged in the business of leasing, murabaha, musharaka financing, operation of petrol and diesel filling / service station. It is listed on Karachi, Islamabad and Lahore Stock Exchanges of Pakistan. The registered office is situated at Karachi. The symbol “MODAM” is being used by the stock exchange for the shares of Modaraba Al-Mali.